Cal. Com. Code § 17303

Current through the 2024 Legislative Session.

Section 17303 - Security Interest Unperfected Before Effective Date

A security interest that is enforceable immediately before the effective date of the act adding this division but is unperfected at that time:

(a) remains an enforceable security interest until the adjustment date;

(b) remains enforceable thereafter if the security interest becomes enforceable under Section 9203, as amended by the act adding this division, on the effective date of the act adding this division or before the adjustment date; and

(c) becomes perfected:

(1) without further action, on the effective date of the act adding this division if the requirements for perfection under the act adding this division are satisfied before or at that time; or

(2) when the requirements for perfection are satisfied if the requirements are satisfied after that time.

Ca. Com. Code § 17303

Added by Stats 2023 ch 210 (SB 95),s 91, eff. 1/1/2024.